Vietnam: The fragrant plant that only grows under the fence now sold to Japan, price immediately tripled

Lemongrass

Japan

Vietnam

Published Nov 13, 2021

Tridge summary

Sharing at the Online Seminar: "Looking back at the direction and management of the agricultural sector to overcome difficulties during the Covid-19 pandemic" organized by the Ministry of Agriculture and Rural Development in collaboration with Rural Today/Dan Viet newspaper, Mr. Khac Tien, Chairman of the Board of Directors of Ameii Vietnam Joint Stock Company, said that the export agricultural output of enterprises may not be much, but if it is accepted by markets such as Japan, the US, etc., the selling price will be products in the standard area will be much higher.

Original content

"We determine that we cannot contribute much to export output, but we hope that through bringing agricultural products to the markets of Japan, the US, the EU, ... will gradually change the farming habits of farmers, to people produce products that meet export standards but serve the domestic market," said Mr. Tien. According to Mr. Tien, access to export markets is still considered "premium" as the driving force for selling prices of domestic agricultural products. "Last year, we started to export lychee to Japan. Before that, the whole price strategy we studied for 5-7 years, according to the rule that before the full moon and the 1st day of the lunar calendar, the price of litchi increases. However, when the product meets Japanese export standards, the price level breaks all business forecasts. The price of lychee in the standard-guaranteed area is not less than 25,000 VND/kg, ever. Also over 30,000 VND/kg or more," said Mr. Tien. "Exporting enterprises have created the effect ...

Source: Danviet